C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Insider Sells $499,593.60 in Stock

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) insider Michael D. Castagnetto sold 5,016 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $99.60, for a total transaction of $499,593.60. Following the sale, the insider now directly owns 34,586 shares of the company’s stock, valued at approximately $3,444,765.60. This trade represents a 12.67 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

C.H. Robinson Worldwide Stock Up 0.5 %

CHRW stock opened at $100.88 on Friday. C.H. Robinson Worldwide, Inc. has a twelve month low of $65.00 and a twelve month high of $114.82. The company has a current ratio of 1.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $11.98 billion, a P/E ratio of 26.20, a PEG ratio of 1.16 and a beta of 0.82. The firm has a 50 day simple moving average of $102.86 and a 200-day simple moving average of $104.62.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.11. C.H. Robinson Worldwide had a net margin of 2.63% and a return on equity of 34.53%. On average, equities research analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th will be given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date is Friday, March 7th. C.H. Robinson Worldwide’s payout ratio is currently 64.42%.

Institutional Trading of C.H. Robinson Worldwide

Hedge funds have recently made changes to their positions in the stock. Venturi Wealth Management LLC lifted its stake in C.H. Robinson Worldwide by 83.5% during the third quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock worth $27,000 after purchasing an additional 111 shares during the last quarter. National Pension Service bought a new position in C.H. Robinson Worldwide during the fourth quarter worth $25,000. Quarry LP lifted its stake in C.H. Robinson Worldwide by 76.7% during the third quarter. Quarry LP now owns 394 shares of the transportation company’s stock worth $43,000 after purchasing an additional 171 shares during the last quarter. Missouri Trust & Investment Co bought a new position in C.H. Robinson Worldwide during the fourth quarter worth $41,000. Finally, Mainstream Capital Management LLC bought a new position in C.H. Robinson Worldwide during the fourth quarter worth $41,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

Analyst Upgrades and Downgrades

CHRW has been the subject of a number of research analyst reports. Wells Fargo & Company raised shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $118.00 to $130.00 in a research report on Monday, December 9th. BMO Capital Markets increased their target price on shares of C.H. Robinson Worldwide from $115.00 to $118.00 and gave the stock a “market perform” rating in a research report on Friday, December 13th. Stephens reissued an “equal weight” rating and set a $111.00 target price on shares of C.H. Robinson Worldwide in a research report on Thursday, January 30th. Citigroup dropped their target price on shares of C.H. Robinson Worldwide from $130.00 to $124.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. Finally, Bank of America dropped their target price on shares of C.H. Robinson Worldwide from $130.00 to $122.00 and set a “buy” rating for the company in a research report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $117.17.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services in the United States and internationally. It operates through two segments: North American Surface Transportation and Global Forwarding. The company offers transportation and logistics services, such as truckload, less than truckload transportation brokerage services, which include the shipment of single or multiple pallets of freight; intermodal transportation that comprises the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel operating common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.